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Dec 31, 2012 4:00am PST
there is going to be some profit-taking. i don't really believe that it is going to be all that severe. but why wouldn't you want to take some money off the table at the end of the year and maybe start over a little bit? so i wouldn't be surprised if we do see just a slight sell-off really just due to maybe some of the funds in retail, taking profits off the table. > > and what are traders thinking about 2013, scott? > > you know, it is all about the economy at this point. if we can continue, especially in the housing market, if we can continue seeing, not a booming housing market, but the upswing that we saw toward the last quarter of the year, then i think that is going to be the lead of the market. i don't think people think, or traders on the floor think that we are going to see a big 15, 20% move in the s&p upward this year. but i think what is going to be the mantra, the theme of these guys, is we are going to see a grind, maybe an 8-10% appreciation throughout the year. keep this in mind: 1600 is not that far away, and that is a number a lot of guys are looking at. > > what about money m
Dec 25, 2012 4:00am PST
. our guest is dishing out tips on cutting the expense. why he says you don't have to be at the top of your class to find a top scholarship. and, let the holiday movie season commence. a review of some of the biggest and smallest flicks to hit the big screen in the coming months. nonprofit organizations are facing a big dilemna: many of their donors are elderly, in poor health and there are fewer of them each year, and there aren't enough new donors to pick up the slack. in our cover story, how one non-profit is using business strategies to make a difference. the privately-funded pritzker military library is one of chicago's best-kept secrets. "our biggest problem is no one knows we're here." but the pritzker is changing that, promoting social media to participate in live presentations on subjects you might think would be of little interest to the "connected generation" - the war of 1812's bicentential. "a friend of mine invited me. i had no idea about the war of 1812. it was a unique opportunity." pritzker prompts thousands of facebook hits, tweets and anything else kenneth clarke,
Dec 24, 2012 4:00am PST
charities products they don't understand?" and "are you betting against clients?" the answer to all those questions is yes, and unfortunately there has been an element of character assassination going on. > > other than what you wrote in the book about goldman sachs, what else did you want people to know? i know for one thing, this is a firm that is shrouded in secrecy. > > yes, and that's one of the reasons i wrote the book. goldman is a very mysterious place, so i wanted to, in a certain extent, pull back the curtain and show people how goldman and wall street make money - and not just the bad things, the good things and the bad things, because there's certainly a value of wall street to society. but i think if there was one or two messages i would like to leave with your viewer, the one is, there seems to be a perception that the financial crisis, the problems that led up to it, have been fixed. i would like your viewers to know that less than 1/3 of the legislation has been passed, and more than 3/4 of the deadlines have been missed, and frankly, wall street has spent $300 million lob
Dec 26, 2012 4:00am PST
. stores may offer store credit if you don't have a receipt, or might turn you away completely. the better business bureau is warning holiday shoppers to check their credit card statements for potential post- christmas shockers. extra charges have popped up on statements in christmases past. "additional things put on the bill, problems with skimming, skimming of credit card numbers, and unauthorized usage of them. it's very dangerous. you have to check your credit card statements regularly." tom joyce of the bbb demonstrates how a credit card sleeve blocks signals from skimming devices that electronically pick up information from your card. if you notice unfamiliar purchases on your bill, the bbb recommends contacting the retailer or your bank as soon as possible to challenge the charges. invnvtment banks are powering down their stake in the energy business. energy was once a popular investment on wall street. in 2008, big banks were so involved in the market that banks powered an estimated 2 out of every 5 residential customers. however, lower prices and more regulation following the enro
Dec 28, 2012 4:00am PST
into the swipe of things. plus, could a tumble off the fiscal cliff hurt the markets? one trader says don't fall for the hype. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's friday, december 28th. i'm angela miles. in today's first look: watch your neck. the market is a head-turner. yesterday the dow dropped more than 100 points on word out of washington a resolution to the fiscal cliff was unlikely. but president obama returned early from vacation and is said to have a new proposal to offer congress, sparking a rally that left the dow down just 19 points. reports are swirling apple is moving production of its mac mini computers to foxconn plants in the u.s. apple may also be working on a smart watch. and, the new york stock exchange landed the most ipo for 2012. larry levin of trading advantage joins us now. larry, it feels like we are already hanging off that cliff. > > it definitely feels that way. everybody is obviously watching for some kind of news out of washington. that is what has moved the market eve
Dec 27, 2012 4:00am PST
of new and existing homes showing a spike, don't expect a big housing boom like the one we saw just a few years ago. maurizio fiori is hoping to buy a home in 2013. he's looking to move his growing family out of their chicago apartment and into their very own home. 'i've been scouring the internet, and talking to agents and mls and all the sites almost daily.' a former trader, fiori holds stakes in a diversified portfolio of successful small businesses, including a wine importing company and a craft brewer. in 2006, before the worst of the financial crisis hit, many banks would have been bending over backwards to lend him lots of money at exotic terms. today, even though he's willing to put up 30-40% of his cash on a down payment, bankers aren't exactly lining up to lend to him - or to anyone else for that matter. 'basically, the only good candidates for a loan are people who do not need a loan to begin with.' 'well, unfortunately things have gotten a little tighter in mortgage lending.' in his work helping homebuyers find financing, michael mcauliffe has seen the mortgage process change
Search Results 0 to 5 of about 6